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Acura RDX Lease Questions

583 messages,  Last post on Nov 30, 2009 at 3:53 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Acura RDX, Car Leasing, Car Buying, SUV


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#477 of 583
Re: New money factor rates 7/8/08 [golfball] by roadwarior8
Jul 11, 2008 (11:01 am)
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Replying to: golfball (Jul 11, 2008 10:39 am)

Interest rates are on the rise industry wide...even the credit unions interest rates went up .4%
#478 of 583
Re: New money factor rates 7/8/08 [golfball] by roadwarior8
Jul 11, 2008 (11:09 am)
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Replying to: golfball (Jul 11, 2008 10:39 am)

By the way, why is your MSRP so high...do you have accessories included in that?
#479 of 583
Re: New money factor rates 7/8/08 [golfball] by af145
Jul 13, 2008 (5:23 pm)
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Replying to: golfball (Jul 11, 2008 10:39 am)

I figure, it is not beneficial for Honda to LEASE the 2008 RDX right now. Its resale value, when coming off the lease, will be depressed by the 2009's. They want you to BUY the 2008 vehicle; financing is certainly an option -- they do keep a 2% APR on loans. This way, you'll be the one taking a hit on resale when the time comes. I don't believe in the explanation that "all rates are going up". Conventional car loan rates were always far above 2%, and it didn't bother Honda until now.
#480 of 583
Finally got the car! by af145
Jul 13, 2008 (6:41 pm)
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I have finally got the RDX, Tech, Blue/Ebony. 36 months, 10K miles; $1300 due at signing, $469/month. That includes the DMV fees and NYC taxes (8.375%). I love the car, but this is a topic for a different forum.
 
I got the car from Steve Feder's Acura. It is a 2-hour drive from my home, but it was worth it. Previously, Curry Acura gave me the same deal, but they never delivered the Blue color I requested. Right now they are still holding the $500 deposit despite several reminders; I'll give them a couple more days and call my credit card. I figure, they did not want to pay for the car swap. After 2 weeks of pulling my leg, they told me to take the Bronze/Taupe they had on the lot.
 
Feder's, on the other hand, located the car and went through 2 swaps to get it for me. It was probably the last Blue 2008 RDX Tech left in 6 states. No other dealer could match the price and get me a Blue RDX -- and I called quite a few! I actually wanted Blue/Taupe, but nothing was left... I lost time waiting for Curry to deliver, the 2008's were phased out.
 
Basically, great price and real customer service -- that's why I'd recommend Feder's to anyone looking for Acura in the NYC area and upstate NY.
#481 of 583
High-mileage allowance RDX lease by collective11
Jul 14, 2008 (1:22 pm)
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I just picked up an '08 RDX Base, 36 months, with 18k miles per year allowance. $2100 down (inc. 1st month, all taxes and fees), $476/mo. I wanted Blk/Blk, no substitutions, and found one at a decent price, or so I think. Is this a fair deal, post-7/7/08?
#482 of 583
Re: High-mileage allowance RDX lease [collective11] by af145
Jul 14, 2008 (8:12 pm)
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Replying to: collective11 (Jul 14, 2008 1:22 pm)

Sounds really bad, actually -- unless you are in Canada. I was just offered 464/month (1300 at signing) to pick up the Tech RDX from the dealer's lot... told him to stick it -- I already have a car.
 
However, I was shopping for 10K miles, and you have 18K. That may significantly change the residual. What's yours? Also, what's your state? Someone made a deal for 425 (1500 at signing) in LA, CA. Must be a different market... maybe due to high gas taxes in CA...
#483 of 583
Re: High-mileage allowance RDX lease [af145] by collective11
Jul 15, 2008 (4:56 am)
Reply

Replying to: af145 (Jul 14, 2008 8:12 pm)

I'm in New York City. The 18k does significantly change thigns; for one, at lease end, the warrranty is shot, because I'll be at 54k miles. At 10k, there's still 20k of mileage left on the warranty.
 
Four other dealers didn't want to touch this offer. They all told me, "If you have this offer, take it. We cannot match or beat it."
 
Any other opinions?
#484 of 583
Re: High-mileage allowance RDX lease [collective11] by af145
Jul 15, 2008 (5:58 am)
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Replying to: collective11 (Jul 15, 2008 4:56 am)

What are the MF and residual?
 
Actually, in NYC there are OTHER WAYS to comply with lease terms besides getting a lease with a really high mileage allowance. The additional cost is about $900, which is is much more than you over-paid (I figure, about $3000). After all, RDX Base is normally about $60 - $70 lower than Tech.
 
If you are uncomfortable with OTHER WAYS, maybe it wasn't such a great idea to lease in the first place. Please don't take offense; this is just a friendly advice for the future. You probably have your reasons to lease, and I have no business telling you how to run your life.
#485 of 583
Re: High-mileage allowance RDX lease [af145] by collective11
Jul 15, 2008 (2:03 pm)
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Replying to: af145 (Jul 15, 2008 5:58 am)

MF is .00154
Res is 49
 
I haven't taken the offer, I only said this is what I have gotten as an offer. I still haven't found anyone else who thinks there can be a better offer out there.
 
I appreciate your input, totally.
 
Thanks.
#486 of 583
Re: High-mileage allowance RDX lease [collective11] by angelina247
Jul 15, 2008 (10:25 pm)
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Replying to: collective11 (Jul 14, 2008 1:22 pm)

You didn't say what state you are in, but I think it's actually a very decent deal. The RDX is a solid car. The black/black is beautiful (that's what I have in the tech edition) The 18k is great. Everyone who says you overpaid is going to pay on the other end. They always lure people in with low payments and low mileage - but that's how they stick it to you, because almost everyone goes over their mileage. There's almost no way you will go over your 18k. At the end of the lease you simply walk away and you are done (unless you're the type that tears up their cars). The people with the low mileage will be crying when they get that overage bill at the end of the lease.

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